Posts by Liam Redmond
What can China do to slow down its rising currency?
Published Sun, Mar 1, 2026 · 10:00 AM [HONG KONG] China’s renminbi is surging against the US dollar, boosted by booming exports and aided by falling US interest rates and the wobbly greenback. The renminbi strengthened 4.4 per cent last year in its biggest annual gain since 2020, and has firmed about 2 per cent…
Read MoreOpec+ to consider bigger hike after Iran strike, delegate says
Published Sat, Feb 28, 2026 · 04:11 PM OPEC+ will consider the option of a larger supply increase when key members meet on Sunday, after Israel launched airstrikes on targets in Iran, according to a delegate. The group led by Saudi Arabia and Russia was expected to resume modest production increases from April after a…
Read MoreOpec+ to weigh bigger hike after Iran strike, delegate says
Published Sat, Feb 28, 2026 · 04:11 PM OPEC+ will consider the option of a larger supply increase when key members meet on Sunday (Mar 1) after the US and Israel launched an attack on Iran, according to a delegate. The group led by Saudi Arabia and Russia was expected to resume modest production increases from…
Read MoreDon Don Donki to shutter Downtown East outlet; March 15 will mark last day of operations
Published Sat, Feb 28, 2026 · 02:35 PM [SINGAPORE] Japanese retail chain Don Don Donki is closing its Downtown East outlet, with its last day of operations being March 15. Announcing the closure in a Facebook post on Feb 27, the retail giant thanked its customers for their support, saying: “We are truly grateful for…
Read MoreMalaysia’s largest pension fund sets 6.15% dividend for 2025
Published Sat, Feb 28, 2026 · 02:20 PM MALAYSIA’S largest pension fund declared a 6.15 per cent dividend for both its conventional and Shariah savings accounts for 2025, a year where unpredictable trade policies whipsawed markets. The Employees Provident Fund will pay RM79.6 billion (S$26 billion) to account holders, according to a statement on Saturday.…
Read MoreMalaysia’s EPF declares 6.15% dividend for 2025
[KUALA LUMPUR] Malaysia’s Employees Provident Fund (EPF), the pension fund for more than 18 million members, declared on Saturday (Feb 28) a 6.15 per cent dividend for both its conventional and syariah savings accounts for 2025. The payout is slightly lower than the 6.3 per cent in 2024 – the highest since 2017 – but…
Read MoreNvidia plans new chip to speed AI processing, WSJ reports
Published Sat, Feb 28, 2026 · 01:38 PM NVIDIA plans to launch a new processor designed to help OpenAI and other customers build faster, more efficient AI systems, the Wall Street Journal reported on Friday, citing people familiar with the matter. Nvidia is developing a new system for “inference” computing, a form of processing that…
Read MoreBMW launches recall over potential fire hazard
Published Sat, Feb 28, 2026 · 10:45 AM [BERLIN] German premium carmaker BMW has launched a recall affecting hundreds of thousands of vehicles worldwide over a potential fire hazard, according to KBA, Germany’s motor vehicle authority. The authority said on its website that 337,374 vehicles of the i7, i5, 5, 7 and M5 series were…
Read MoreTrump Media considers spinning off Truth Social into public company, reports wider annual loss
Published Sat, Feb 28, 2026 · 09:44 AM TRUMP Media & Technology Group, founded by US President Donald Trump, is considering spinning off its social media platform Truth Social into a publicly traded company. The company is in discussions with TAE Technologies and Texas Ventures Acquisition III about the proposed transaction, the company said on…
Read MoreTrump directs US agencies to toss Anthropic’s AI as Pentagon calls startup a supply risk
Published Sat, Feb 28, 2026 · 09:08 AM [WASHINGTON] US President Donald Trump said on Friday he is directing the government to stop work with Anthropic and the Pentagon said it will declare the startup a supply-chain risk, dealing a major blow to the artificial intelligence lab after a showdown about technology guardrails. Trump added…
Read MoreOil prices rise more than 2% as US and Iran extend talks
Published Sat, Feb 28, 2026 · 08:14 AM [HOUSTON] Oil prices rose about 2 per cent on Friday with traders bracing for supply disruptions as nuclear talks between the United States and Iran had yet to reach an agreement. Brent crude futures settled at US$72.48 a barrel, up US$1.73, or 2.45 per cent. US West Texas Intermediate…
Read MoreEuropean shares close eighth month of gains on earnings lift; credit fears hit banks
Published Sat, Feb 28, 2026 · 08:09 AM EUROPEAN shares closed at a record high on Friday to log their eighth straight month of gains after better-than-expected corporate updates, while heavyweight banks tumbled amid credit and AI-disruption concerns. The pan-European Stoxx 600 ended 0.1 per cent higher at 633.85 points, taking its weekly gains to 0.5 per…
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